Novartis Management

Management criteria checks 3/4

Novartis' CEO is Vas Narasimhan, appointed in Feb 2018, has a tenure of 6.17 years. total yearly compensation is $15.78M, comprised of 13.7% salary and 86.3% bonuses, including company stock and options. directly owns 0.016% of the company’s shares, worth $32.27M. The average tenure of the management team and the board of directors is 2.9 years and 8.2 years respectively.

Key information

Vas Narasimhan

Chief executive officer

US$15.8m

Total compensation

CEO salary percentage	13.7%
CEO tenure	6.2yrs
CEO ownership	0.02%
Management average tenure	2.9yrs
Board average tenure	8.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Vas Narasimhan's remuneration changed compared to Novartis's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$9b
Dec 31 2023	US$16m	US$2m	US$9b
Sep 30 2023	n/a	n/a	US$8b
Jun 30 2023	n/a	n/a	US$8b
Mar 31 2023	n/a	n/a	US$6b
Dec 31 2022	US$12m	US$2m	US$6b
Sep 30 2022	n/a	n/a	US$21b
Jun 30 2022	n/a	n/a	US$22b
Mar 31 2022	n/a	n/a	US$24b
Dec 31 2021	US$12m	US$2m	US$23b
Sep 30 2021	n/a	n/a	US$10b
Jun 30 2021	n/a	n/a	US$9b
Mar 31 2021	n/a	n/a	US$8b
Dec 31 2020	US$12m	US$2m	US$8b
Sep 30 2020	n/a	n/a	US$7b
Jun 30 2020	n/a	n/a	US$7b
Mar 31 2020	n/a	n/a	US$7b
Dec 31 2019	US$12m	US$2m	US$7b
Sep 30 2019	n/a	n/a	US$7b
Jun 30 2019	n/a	n/a	US$7b
Mar 31 2019	n/a	n/a	US$13b
Dec 31 2018	US$10m	US$2m	US$13b
Sep 30 2018	n/a	n/a	US$14b
Jun 30 2018	n/a	n/a	US$14b
Mar 31 2018	n/a	n/a	US$8b
Dec 31 2017	US$5m	US$864k	US$7b

Compensation vs Market: Vas's total compensation ($USD15.78M) is about average for companies of similar size in the US market ($USD13.51M).

Compensation vs Earnings: Vas's compensation has increased by more than 20% in the past year.

CEO

Vas Narasimhan (47 yo)

6.2yrs

Tenure

US$15,778,038

Compensation

Dr. Vasant Narasimhan, also known as Vas, M.D., serves as Chief Executive Officer of Novartis AG at Novartis India Ltd. Dr. Narasimhan has been Chief Executive Officer of Novartis AG since February 1, 2018...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Vasant Narasimhan	Chief Executive Officer	6.2yrs	US$15.78m	0.016% $ 32.3m
Harry Kirsch	Chief Financial Officer	10.9yrs	US$7.76m	0.019% $ 37.3m
Victor Bulto	President of US	2yrs	US$6.13m	0.0017% $ 3.3m
Patrick Horber	President of International	less than a year	US$7.95m	0.0014% $ 2.7m
Steffen Lang	President of Operations	2yrs	US$4.17m	0.0075% $ 15.1m
Paul Penepent	Head of Group Financial Reporting and Accounting	no data	no data	no data
Samir Shah	Global Head of Investor Relations	11.3yrs	no data	no data
Klaus Moosmayer	Chief Ethics	5.3yrs	US$2.67m	0.0018% $ 3.6m
Karen Hale	Chief Legal Officer	2.9yrs	US$4.16m	0.0012% $ 2.4m
Robert Kowalski	Chief People & Organization Officer	2.6yrs	US$3.45m	0.0010% $ 2.1m
Etienne Jousseaume	Head of Market Access	no data	no data	no data
Linda Armstrong	Global Head of Respiratory Development	no data	no data	no data

2.9yrs

Average Tenure

55yo

Average Age

Experienced Management: NVSE.F's management team is considered experienced (2.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Sidonie Golombowski-Daffner	Chairperson & President of Advanced Accelerator Applications	no data	no data	no data
Simon Moroney	Independent Vice Chairman of the Board	4.2yrs	US$546.92k	0.00029% $ 583.0k
Daniel Vasella	Honorary Chairman	no data	US$3.34m	no data
Bridgette Heller	Independent Non-Executive Director	4.2yrs	US$511.25k	0.00030% $ 603.1k
Joerg Reinhardt	Independent Non-Executive Chairman	10.7yrs	US$4.52m	0.032% $ 64.6m
François van Houten	Independent Non-Executive Director	7.2yrs	US$469.25k	0.00084% $ 1.7m
Ton Buechner	Independent Non-Executive Director	8.2yrs	US$504.92k	0.0011% $ 2.3m
William Winters	Independent Non-Executive Director	11.3yrs	US$428.02k	0.0015% $ 3.0m
Charles Sawyers	Independent Non-Executive Director	11.3yrs	US$428.02k	0.00086% $ 1.7m
Patrice Bula	Lead Independent Director	5.2yrs	US$491.97k	0.00055% $ 1.1m
Nancy Andrews	Independent Non-Executive Director	9.2yrs	US$428.02k	0.00052% $ 1.0m
Elizabeth Doherty	Independent Non-Executive Director	8.2yrs	US$535.03k	0.00073% $ 1.5m

8.2yrs

Average Tenure

64yo

Average Age

Experienced Board: NVSE.F's board of directors are considered experienced (8.2 years average tenure).

Novartis Management

Management criteria checks 3/4

Key information

Recent management updates

Novartis AG Announces Executive Changes

Recent updates

Novartis and Medicines for Malaria Venture Announce Positive Efficacy and Safety Data for A Novel Treatment for Babies

Novartis AG Revise Earnings Guidance for the Year 2024

Novartis' Intravenous Formulation of Cosentyx Impacting Prescriber Preferences in Psoriatic Arthritis Treatment, While Pending Launch of UCB’s Bimzelx Poised to Further Disrupt the Market

Novartis Presents Results from Pre-Specified Interim Analysis of the Phase III APPLAUSE-IgAN study of Fabhalta

Novartis Fabhalta Receives Positive CHMP Opinion as First Oral Monotherapy for Adult Patients with Paroxysmal Nocturnal Hemoglobinuria (PNH)

Novartis AG (SWX:NOVN) acquired IFM Due, Inc. from IFM Therapeutics, LLC for approximately $840 million.

Dr. Reddy's Laboratories Denies in Race to Acquire Novartis' Stake in Novartis India

Dr Reddy's Reportedly May Join Race to Acquire Novartis' India Arm

Novartis AG Announces FDA Approves Xolair® (Omalizumab) as First and Only Medicine for Children and Adults with One or More Food Allergies

Novartis Reportedly in Lead to Acquire MorphoSys

Novartis AG Provides Earnings Guidance for the Year 2024

Novartis AG to Report Q1, 2024 Results on Apr 23, 2024

Novartis AG Presents Data from the Phase III NETTER-2 Trial

Novartis Pursuit of Cytokinetics Reportedly Cools

Novartis Reportedly in Advanced Talks to Buy Cytokinetics

Novartis AG Announces Positive Results from the Primary Analysis of ASC4FIRST

Novartis AG (SWX:NOVN) acquired SanReno Therapeutics from Pivotal bioVenture Partners China, Versant Venture Management, LLC, Samsara BioCapital LLC, Frazier Healthcare Partners managed by Frazier Management, L.L.C. and Frazier Life Sciences Management, LP.

Novartis Investigational Iptacopan Phase III Study Demonstrates Clinically Meaningful and Statistically Significant Proteinuria Reduction in Patients with C3 Glomerulopathy (C3G)

Latest Novartis Kisqali(R) Natalee Analysis Reinforces 25% Reduction in Risk of Recurrence Across Broad Population of Patients with Early Breast Cancer

Novartis Receives FDA Approval for Fabhalta (iptacopan) Offering Superior Hemoglobin Improvement in the Absence of Transfusions as the First Oral Monotherapy for Adults with PNH

Novartis AG to Report Q4, 2023 Results on Jan 31, 2024

Novartis Announces New Positive Data from the Phase III REMIX-1 and REMIX-2 Studies Investigating Remibrutinib

Novartis Announces US Food and Drug Administration Approves Cosentyx® to Treat Moderate to Severe Hidradenitis Suppurativa in Adults

Novartis Announces Positive Topline Results from the Interim Analysis of the Ongoing Pivotal Phase III ALIGN Study

Novartis AG Announces Impairment Charges for the Third Quarter of 2023

Novartis AG Raises Earnings Guidance for the Fiscal Year 2023

Novartis Kisqali Natalee Analysis Confirms Consistent Reduction in Risk of Recurrence Across Key Sub Groups of Patients with Early Breast Cancer

FDA Approves Novartis Cosentyx® as First Intravenous (Iv) Formulation Interleukin-17A Antagonist for Rheumatic Diseases

Novartis to Present New Oncology Data at ESMO 2023 Demonstrating Practice-Changing Innovation in Advanced Prostate and Early Breast Cancer

Novartis AG completed the Spin-Off of Sandoz Group AG (SWX:SDZ).

Bausch & Lomb Ireland completed the acquisition of ophthalmology assets of Novartis AG from Novartis AG for $2.5 billion.

Sandoz, Novartis Division, Receives European Commission Approval for Tyruko (Natalizumab), First and Only Biosimilar for Multiple Sclerosis in Europe

Novartis Radioligand Therapy Lutathera® Demonstrated Statistically Significant and Clinically Meaningful Progression-Free Survival in First Line Advanced Gastroenteropancreatic Neuroendocrine Tumors (GEP-NETs)

Novartis AG Issues Voluntary Nationwide Recall of One Lot of Sandimmune Oral Solution (cyclosporine oral solution, USP), 100 mg/mL due to Crystallization

Novartis AG Announces Executive Changes

Novartis Presents New Long-Term Leqvio (Inclisiran) Data Demonstrating Consistent Efficacy and Safety Beyond Six Years

Sandoz Announces Positive Results from Mylight Phase III Study for Biosimilar Aflibercept

Novartis AG (SWX:NOVN) completed the acquisition of Chinook Therapeutics, Inc. (NasdaqGS:KDNY) from a group of shareholders.

Novartis Ag Announces Positive Top-Line Results from the Phase Iii Remix-1 and Remix-2 Studies Evaluating Remibrutinib 25 Mg B.I.D

Novartis AG (SWX:NOVN) acquired DTx Pharma, Inc. for $1 billion.

US FDA Approves Expanded Indication for Novartis Leqvio® (Inclisiran) to Include Treatment of Adults with High LDL-C and Who Are at Increased Risk of Heart Disease

Bausch + Lomb Corporation (NYSE:BLCO) signed an agreement to acquire ophthalmology assets from Novartis AG (SWX:NOVN) for $2.5 billion.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age